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Determinants of International R&D Outsourcing: The Role of Trade

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García Vega, María y Huergo, Elena (2011) Determinants of International R&D Outsourcing: The Role of Trade. Review of Development Economics, 15 (1). pp. 93-107. ISSN 1363-6669

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http://eprints.ucm.es/9790/SIN ESPECIFICAR


Resumen

This paper investigates the determinants of international R&D outsourcing, in particular the role of trade. We construct a monopolistic competition model with heterogeneous firms where outsourcing increases a firm’s fixed transaction as well as its productivity. Financial constraints affect the decision to outsource R&D more to non-exporters than to exporters. In contrast, exporters are more sensitive to a lack of information because they have higher losses when there is technology leakage. We test these predictions using a panel database of Spanish companies. The results highlight the relevance of information in competitive markets, and the role of trade to induce companies to engage in other globalization strategies.


Tipo de documento:Artículo
Palabras clave:R&D outsourcing, exporters, financial constraints, technology leakage
Materias:Ciencias Sociales > Economía > Economía internacional
Ciencias Sociales > Economía > Empresas
Ciencias Sociales > Economía > Economía industrial
JEL:F2, L24, O3
Código ID:39083
Depositado:13 Sep 2016 09:05
Última Modificación:19 Sep 2016 08:18

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